Shawbrook Retail Mortgages announce rate reductions across both The Mortgage Lender and Bluestone Mortgages brands

Shawbrook Retail Mortgages has reduced rates across The Mortgage Lender (TML) and Bluestone Mortgages’ residential products, as well as TML’s buy to let products.

Rate reductions for TML’s residential products apply to both two-year and five-year rate products for purchase and remortgage applications, with rates starting from 5.49% - rates have reduced by as much as 35bps. 

TML has also introduced buy to let rate reductions for its five-year fixed rate standard products; rates for five-year fixed products with a 5% completion fee now start from 4.41%. 

Meanwhile, Bluestone Mortgages has announced a rate reduction of up to 25bps for residential purchase and remortgage products, with rates now starting from 5.99%.  

“We’re pleased to announce a host of rate reductions across our retail mortgage brands to better support brokers and their customers. As a lender, we’re keen to regularly review and improve our offerings to ensure that we are well placed to support brokers who may have clients with diverse circumstances. 

“Looking ahead, we’re eager to continue to deliver a competitive selection of products to support landlords, the self-employed and customers with complex income or credit profiles,” said Steve Griffiths, commercial director for retail mortgages at Shawbrook.